HomeMy WebLinkAbout09_20_22_EDA packetSt. Joseph Economic Development Authority Tuesday, September 20th 12:00 PM 75 Callaway St E (St. Joseph City Hall) ** The meeting will also be offered remotely via Zoom**
1.Call to order
2. Public Comments
3. Approve Agenda
4. Consent Agendaa. Minutes – Requested Action: Approve the minutes of July 19th, 2022 (No Quorum
in August)b. Financial Report –JULY and AUGUST
5.Façade Grant Request – St. Joseph Health and Wellness Center
6.GSDC
7. Boutique hotel site discussion
8. EDA/CVB Budget update
9.JR Mobile update
10. Business/Development, EDA priorities
11.Board Member Announcements
12. Adjourn
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Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on Tuesday, July 19th, 2022 at 12:00 PM.
Members Present: Board Members Kevin Kluesner, Rick Schultz, Joe Bye, Larry Hosch
Members Absent: Dale Wick
City Representatives Present: Community Development Director Nate Keller, City Administrator Therese Haffner, Finance Director Lori Bartlett
Schultz called the St. Joseph Economic Development Authority meeting to order at 12:00 PM
Public Comments None
Agenda Approval: Kluesner made a motion to approve the agenda as presented; seconded by Bye and passed unanimously by those present.
Consent Agenda: Kluesner made a motion to approve the consent agenda as follows; seconded by Bye and passed unanimously by those present. a. Minutes - Approve the minutes of June 21st., 2022b.Financial Report – JUNE
CVB Swag giveaway and 2023 Budget CVB is requesting the allowance to give away $200 worth of merchandise for giveaways and promotions throughout the year. For 2023 budget the CVB is looking to do an event in February and possibly June or July. CVB is also exploring additional advertisement opportunities including possible billboard promotion (I-94 or CSAH 75). Estimated budget for CVB is $17,000 and $12,355 is allocated for. Keller also mentioned there is $4,900 + remaining in the Explore MN Grant. Whatever money is not used for the grant can be used up untilFebruary of 2023.
Motion by Bye to recommend approval of the CVB budget with a line item of $200 being added for swag giveaway; seconded by Hosch and passed unanimously by those present.
EDA 2023 Budget For 2023 staff is proposing to utilize some marketing dollars towards putting together the vision of the boutique hotel concept. After some discussion the EDA directed staff to first assemble a list of potential sites where the boutique hotel could go. Keller will formulate the list and bring back at future meeting. Other ideas for the budget included: keeping potential purchase money for sites (either JR Mobile or other sites where a Boutique hotel could go), money for Rights of First Refusal, and keeping the demolition and façade grant at their current amounts ($3,500 and $2,000 respectively). Also mentioned was a potential idea related to expansion of the Façade grant or a standalone beautification grant. This grant could go towards incentivizing compliance with current code (e.g. enclosing dumpster receptacles in the downtown).
JR Mobile Update Haffner communicated that the Council met in closed session to discuss purchase options for the JR Mobile site. The owner has knocked down the half collapsed lean-to and begun other clean up efforts at the site. The city building inspector also has toured the property and discovered that black mold exists.
Business/Development, EDA priorities Updates were provided on: Sunset Manufacturing, Knife River, Distillery, and Special Event Facility off Jade Road.
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Board Member Announcements None
Adjourn: Bye made a motion to adjourn the meeting at 12:53 PM, seconded by Schultz and passed unanimously by those present.
Nate Keller Community Development Director
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Board members Bye and Kluesner were the only members in attendance therefore a quorum
was not established and the August meeting did not proceed.
The Board will convene again at the regularly scheduled meeting on September 20th, 2022.
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August 16th EDA Notes
EDA Agenda Item 4B
________________________
MEETING DATE: September 20, 2022
AGENDA ITEM: August Finance Reports/Budget Proposal
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: N/A
PREVIOUS EDA ACTION: None
BACKGROUND INFORMATION: Enclosed you will find the reconciled financial reports through August 31, 2022. The ending
undesignated balance shows a surplus of $69,668. The designated project balance is $14,390 for
economic development programs. The designation for capital programs includes the 2022 budget. The
budget is paid for with tax proceeds. The first half taxes were received. The EDA approved using
program funds with a match grant from the State to update the CVB website. The invoice was paid and
submitted to the State for reimbursement of their match.
The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Grant reimbursement and the
Revolving Loan fund. There are three revolving loans to Krewe and Flour to Flower Bakery; St. Joseph
Food Co-Op; and Jupiter Moon Ice Cream. The current revolving loan fund balance is $401,681 on
August 31st, including $377,054 reserved balance from the EDA fund to be used for future economic
development projects; $24,627 is available from the State’s RLF fund for future loan requests.
The Lodging Tax fund has a balance of $18,362 on August 31st. A summary of their activity is enclosed in
this report. The orange highlights are dependent upon the CVB collecting sponsorship fees. The
sponsorship fees were not moved forward for 2022, so the supported orange highlighted expenditures
are not funded. Hats and t-shirts are being sold at the MN Street Market. The Co-op remits sales
proceeds monthly. City staff is monitoring the sales and inventory monthly.
Finally, staff is looking for EDA’s budget recommendation for both the EDA and the CVB budgets. The August packets provided an overview and the CVB report will follow up with their requests.
BUDGET/FISCAL IMPACT: For Information Only
ATTACHMENTS: EDA Financial Summary EDA Balance Sheet EDA Revenue Report EDA Expenditure Report EDA Summary CIP
CVB Financial Summary
REQUESTED BOARD ACTION: Consider acceptance of the August financial reports.
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09/14/22 5:06 PM
EDA Balance Sheet
CITY OF ST JOSEPH Page 1
Current Period: September 2022
FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $82,443.78 $78,211.63 $85,397.52 $75,257.89
Economic Development G 150-10450 Interest Receivable $347.24 $0.00 $347.24 $0.00
Economic Development G 150-10500 Accounts Receivable $265.00 $0.00 $265.00 $0.00
Economic Development G 150-10700 Taxes Receivable - Delinquent $597.94 $0.00 $597.94 $0.00
Economic Development G 150-13113 Due From other Gov t Units $6,406.42 $0.00 $6,406.42 $0.00
Economic Development G 150-15500 Due From Other Fund $8,800.00 $0.00 $0.00 $8,800.00
Economic Development G 150-20200 Accounts Payable -$6,337.11 $6,337.11 $0.00 $0.00
Economic Development G 150-20201 Salaries Payable -$718.83 $718.83 $0.00 $0.00
Economic Development G 150-22204 Deferred Inflow of Resources -$597.94 $597.94 $0.00 $0.00
Economic Development G 150-24415 Design. Fd Bal - Operations $0.00 $0.00 $0.00 $0.00
Economic Development G 150-25310 Unassigned Fund Balance -$91,206.50 $92,416.18 $85,267.57 -$84,057.89
$0.00 $178,281.69 $178,281.69 $0.00FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude Senior G 153-10100 Cash $16,793.60 $35,000.94 $33,108.79 $18,685.75
TIF 4-1 Fortitude Senior G 153-10450 Interest Receivable $41.54 $0.00 $41.54 $0.00
TIF 4-1 Fortitude Senior G 153-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-20500 Due To Other Fund $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-25310 Unassigned Fund Balance -$16,835.14 $33,150.33 $35,000.94 -$18,685.75
$0.00 $68,151.27 $68,151.27 $0.00FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $36,109.62 $24,130.08 $23,923.05 $36,316.65
TIF 2-1 Millstream G 157-10450 Interest Receivable $101.75 $0.00 $101.75 $0.00
TIF 2-1 Millstream G 157-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-25310 Unassigned Fund Balance -$36,211.37 $24,024.80 $24,130.08 -$36,316.65
$0.00 $48,154.88 $48,154.88 $0.00FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/All G 159-10100 Cash $341.99 $19,963.61 $20,071.27 $234.33
TIF 2-3 Bayou Blues/All G 159-10450 Interest Receivable $12.21 $0.00 $12.21 $0.00
TIF 2-3 Bayou Blues/All G 159-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20500 Due To Other Fund -$8,800.00 $0.00 $0.00 -$8,800.00
TIF 2-3 Bayou Blues/All G 159-25310 Unassigned Fund Balance $8,445.80 $20,083.48 $19,963.61 $8,565.67
$0.00 $40,047.09 $40,047.09 $0.00FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
Lodging Tax G 220-10100 Cash $20,513.02 $12,154.63 $12,992.74 $19,674.91
Lodging Tax G 220-10450 Interest Receivable $55.61 $0.00 $55.61 $0.00
Lodging Tax G 220-10500 Accounts Receivable $808.92 $0.00 $808.92 $0.00
Lodging Tax G 220-20200 Accounts Payable -$76.50 $76.50 $0.00 $0.00
Lodging Tax G 220-25310 Unassigned Fund Balance -$21,301.05 $13,857.27 $12,231.13 -$19,674.91
$0.00 $26,088.40 $26,088.40 $0.00FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
DEED CDAP Grant G 225-10100 Cash $43,061.59 $2,343.33 $2,130.53 $43,274.39
DEED CDAP Grant G 225-10450 Interest Receivable $131.60 $0.00 $131.60 $0.00
DEED CDAP Grant G 225-25310 Unassigned Fund Balance -$43,193.19 $2,262.13 $2,343.33 -$43,274.39
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FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
Page 2
09/14/22 5:06 PM
EDA Balance Sheet
CITY OF ST JOSEPH
Current Period: September 2022
$0.00 $4,605.46 $4,605.46 $0.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $402,926.68 $10,986.17 $12,231.54 $401,681.31
Revolving Loan Fund G 250-10450 Interest Receivable $626.60 $0.00 $626.60 $0.00
Revolving Loan Fund G 250-11900 Notes Receivable $67,430.15 $0.00 $67,430.15 $0.00
Revolving Loan Fund G 250-11910 Note Interest Receivable $35.29 $0.00 $35.29 $0.00
Revolving Loan Fund G 250-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
Revolving Loan Fund G 250-22204 Deferred Inflow of Resources -$67,210.43 $67,210.43 $0.00 $0.00
Revolving Loan Fund G 250-24415 Design. Fd Bal - Operations -$377,053.91 $0.00 $0.00 -$377,053.91
Revolving Loan Fund G 250-25310 Unassigned Fund Balance -$26,754.38 $13,113.15 $10,986.17 -$24,627.40
$0.00 $91,309.75 $91,309.75 $0.00FUND 250 Revolving Loan Fund
$0.00 $456,638.54 $456,638.54 $0.00
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2022 Capital Expenditures
General Fund Capital Improvement Plan ‐ EDA
EDA Recommended: August 17, 2021
Adopted December 6, 2021
12/31/2021
Available through 8/31 through 8/31
Project Project Reserve Budget Grants/Aids Spent 2022
Department Account Code Number Equipment Balance 2022 2022 2022 Balance
EDA 150-46500-582 EDA-1401 Computer Software 2,806.74 500.00 3,306.74
EDA 150-46500-588 EDA-1402 Business Development 524.00 25,000.00 14,440.78 11,083.22
RLF 250-46500-588 EDA-1402 Business Development 377,053.91 ‐ 377,053.91
377,577.91 25,000.00 ‐ 14,440.78 388,137.13
TOTAL EDA CIP 380,384.65 25,500.00 ‐ 14,440.78 391,443.87
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09/14/22 5:06 PM
EDA Expenditure Report
CITY OF ST JOSEPH Page 1
Current Period: September 2022
Account Descr 2022YTD Budget September2022 Amt 2022YTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries $32,985.00 $1,263.03 $22,096.82
E 150-46500-103 Legislative Bodies $1,050.00 $0.00 $455.00
E 150-46500-121 PERA Contributions $2,475.00 $94.73 $1,657.31
E 150-46500-122 FICA Contributions $2,000.00 $77.55 $1,358.11
E 150-46500-123 Deferred Comp-Employer $455.00 $8.75 $157.50
E 150-46500-125 Medicare Contributions $465.00 $18.14 $317.67
E 150-46500-130 H S A- Employer Contribution $790.00 $0.00 $787.50
E 150-46500-131 Health Insurance $5,670.00 $208.03 $3,536.51
E 150-46500-132 Dental Insurance $445.00 $13.89 $236.13
E 150-46500-133 Life Insurance $30.00 $2.33 $20.97
E 150-46500-134 Disabilty Insurance $280.00 $22.30 $200.70
E 150-46500-151 Workers Comp. Insur. Prem. $190.00 $0.00 $143.50
E 150-46500-171 Clothing Allowance $0.00 $0.00 $0.00
E 150-46500-200 Office Supplies $300.00 $0.00 $68.91
E 150-46500-215 Software Support $1,455.00 $0.00 $1,307.49
E 150-46500-300 Professional Services $1,000.00 $0.00 $9,232.58
E 150-46500-303 Engineering Fee $1,000.00 $0.00 $0.00
E 150-46500-304 Legal Fees $1,000.00 $202.50 $580.00
E 150-46500-308 Community Programs $0.00 $0.00 $0.00
E 150-46500-321 Telephone $1,720.00 $110.00 $1,012.25
E 150-46500-322 Postage $100.00 $0.00 $0.00
E 150-46500-328 Marketing $1,000.00 $0.00 $500.00
E 150-46500-331 Travel & Conference Expense $1,400.00 $0.00 $444.70
E 150-46500-340 Advertising $0.00 $0.00 $79.20
E 150-46500-420 Depreciation $0.00 $0.00 $0.00
E 150-46500-433 Dues & Memberships $5,295.00 $0.00 $0.00
E 150-46500-582 Computer Software $500.00 $0.00 $0.00
E 150-46500-588 EDA Programs $25,000.00 $0.00 $11,151.20
E 150-46500-622 TIF/Abatement Payments $35,000.00 $0.00 $18,194.54
E 150-49300-720 Transfers to Other Funds $4,000.00 $0.00 $0.00
$125,605.00 $2,021.25 $73,538.59FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
E 153-46500-300 Professional Services $1,000.00 $0.00 $1,000.00
E 153-46500-301 Audit & Accounting Services $0.00 $0.00 $0.00
E 153-46500-306 County TIF Admin Fee $0.00 $0.00 $48.79
E 153-46500-340 Advertising $55.00 $0.00 $39.60
E 153-46500-622 TIF/Abatement Payments $0.00 $0.00 $31,466.55
E 153-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,055.00 $0.00 $32,554.94FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
E 157-46500-300 Professional Services $1,000.00 $0.00 $1,000.00
E 157-46500-301 Audit & Accounting Services $0.00 $0.00 $0.00
E 157-46500-306 County TIF Admin Fee $0.00 $0.00 $33.59
E 157-46500-340 Advertising $55.00 $0.00 $39.60
E 157-46500-622 TIF/Abatement Payments $0.00 $0.00 $21,659.73
E 157-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,055.00 $0.00 $22,732.92FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-300 Professional Services $1,000.00 $0.00 $2,000.00
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Account Descr 2022YTD Budget September2022 Amt 2022YTD Amt
Page 2
09/14/22 5:06 PM
EDA Expenditure Report
CITY OF ST JOSEPH
Current Period: September 2022
E 159-46500-301 Audit & Accounting Services $0.00 $0.00 $0.00
E 159-46500-306 County TIF Admin Fee $0.00 $0.00 $27.85
E 159-46500-340 Advertising $55.00 $0.00 $39.60
E 159-46500-622 TIF/Abatement Payments $0.00 $0.00 $17,959.18
E 159-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,055.00 $0.00 $20,026.63FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
E 220-46500-300 Professional Services $9,000.00 $0.00 $6,750.00
E 220-46500-308 Community Programs $0.00 $0.00 $0.00
E 220-46500-309 Visitors Bureau Photos/Videos $9,745.00 $0.00 $1,054.00
E 220-46500-310 IT Services $0.00 $0.00 $0.00
E 220-46500-311 Visitors Bureau Prizes $0.00 $0.00 $0.00
E 220-46500-313 Visitors Bureau Merchandise $0.00 $0.00 $0.00
E 220-46500-328 Marketing $3,500.00 $0.00 $4,502.38
E 220-46500-331 Travel & Conference Expense $0.00 $0.00 $0.00
E 220-46500-340 Advertising $1,555.00 $0.00 $0.00
$23,800.00 $0.00 $12,306.38FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services $0.00 $0.00 $0.00
E 225-46500-340 Advertising $0.00 $0.00 $0.00
E 225-46500-431 Annexation/Recording Fee $0.00 $0.00 $690.00
$0.00 $0.00 $690.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
E 250-46500-304 Legal Fees $0.00 $0.00 $0.00
E 250-46500-455 Revolving Loan Proceeds $0.00 $0.00 $0.00
$0.00 $0.00 $0.00FUND 250 Revolving Loan Fund
$152,570.00 $2,021.25 $161,849.46
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St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
August 2022
Fund 150, EDA Balance as of December 31, 2021 (Audited)91,206.50
Year to Date Revenue:Budget YTD Actual
Interest Earnings 1,020 (3,531.57)
TIF/MIF Deposit/Fee - 2,495.00
Abatement Reimbursement (School District)9,385 4,691.00
Ad Valorem Taxes 119,905 62,735.55
Total Revenue 130,310 66,389.98
Year to Date Expenditures by Object:
Board Stipends 1,050 (455.00)
Staff Salaries/Training 51,390 (30,813.92)
Workers Comp Premium 190 (143.50)
Software Support/Office Supplies 1,755 (1,376.40)
Professional Services 1,000 (9,232.58)
Legal/Engineering Fees 2,000 (580.00)
Telephone 1,720 (1,012.25)
Greater St. Cloud Development Investment 5,000 -
Advertising - (79.20)
Marketing 1,000 (500.00)
Abatement Payments (Country Manor)35,000 (18,194.54)
Computers 500 -
EDA Programs 25,000 (11,151.20)
Transfer to Other Funds - -
Total Expenses 125,605 (73,538.59)
Fund Summaries as of August 31, 2022:
EDA Fund Balance - Fund 150 - unaudited, cash balance 84,057.89
Designated for Capital Programs 14,389.96
Undesignated 69,667.93
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 18,685.75
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 36,316.65
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 (8,565.67)
Lodging Tax Fund Balance - Fund 220 19,674.91
DEED CDAP Grant Fund Balance - Fund 225 43,274.39
Revolving Loan Fund Balance - Fund 250 401,681.31
Designated for Revolving Loan Program 24,627.40
Designated for Economic Development 377,053.91
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09/14/22 5:06 PM
EDA Revenue Report
CITY OF ST JOSEPH Page 1
Current Period: September 2022
Account Descr SOURC 2022YTD Budget September2022 Amt 2022YTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes 31010 $115,220.00 $0.00 $62,735.55
R 150-46500-33160 Federal Grants - Other 33160 $0.00 $0.00 $0.00
R 150-46500-34150 TIF/Abatement Deposit 34150 $0.00 $0.00 $995.00
R 150-46500-34155 TIF/Abatement Fee 34155 $0.00 $0.00 $1,500.00
R 150-46500-34160 Tax Abatement Reimbursement 34160 $9,385.00 $0.00 $4,691.00
R 150-46500-36210 Interest Earnings 36210 $1,000.00 $0.00 -$3,531.57
R 150-49302-36260 Surplus Property 36260 $0.00 $0.00 $0.00
R 150-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$125,605.00 $0.00 $66,389.98FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment 31050 $0.00 $0.00 $34,962.83
R 153-46500-36210 Interest Earnings 36210 $100.00 $0.00 -$557.28
R 153-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 $0.00 $34,405.55FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment 31050 $0.00 $0.00 $24,066.37
R 157-46500-36210 Interest Earnings 36210 $250.00 $0.00 -$1,228.17
$250.00 $0.00 $22,838.20FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment 31050 $0.00 $0.00 $19,954.64
R 159-46500-36210 Interest Earnings 36210 $100.00 $0.00 -$47.88
$100.00 $0.00 $19,906.76FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax 31600 $14,000.00 $1,312.94 $10,664.25
R 220-46500-33400 State Grants and Aids 33400 $0.00 $0.00 $0.00
R 220-46500-34406 Sponsorship Fee 34406 $4,000.00 $0.00 $0.00
R 220-46500-34409 Marketing 34409 $1,500.00 $0.00 $656.25
R 220-46500-36210 Interest Earnings 36210 $300.00 $0.00 -$640.26
R 220-46500-36230 Contributions - General 36230 $0.00 $0.00 $0.00
R 220-49302-39201 Transfers from Other Funds 39201 $4,000.00 $0.00 $0.00
$23,800.00 $1,312.94 $10,680.24FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement 34200 $0.00 $0.00 $2,273.72
R 225-46500-36210 Interest Earnings 36210 $300.00 $0.00 -$1,502.52
R 225-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$300.00 $0.00 $771.20FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings 36210 $1,500.00 $0.00 -$12,229.14
R 250-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
R 250-46500-39320 Loan Principal 39320 $12,665.00 $607.71 $8,781.73
R 250-46500-39321 Loan Interest 39321 $1,720.00 $85.99 $1,320.43
R 250-46500-39322 Loan Origination Fee 39322 $0.00 $0.00 $0.00
$15,885.00 $693.70 -$2,126.98FUND 250 Revolving Loan Fund
$166,040.00 $2,006.64 $152,864.95
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CVB 2022 Financial Summary
As of August 31, 2022
Beginning Fund Balance 1‐1‐22 (audited)21,301.05$
Budget YTD Rev Budget
Customer 2022 2022 Customer 2023
Interest Earnings 300.00$ (640.26)$ Interest Earnings 300.00$
T‐shirt/Hats/Merchandise Sales 1,500.00 656.25 T‐shirt/Hats/Merchandise Sales 1,000.00
Sponsorship dues 4,000.00 Rodeway Inn Lodging Tax 10,500.00
EDA Transfer ‐ Sponsorship Match 4,000.00 CSB Lodging Tax 4,100.00
Rodeway Inn Lodging Tax 10,000.00 6,421.68 Estates B&B Lodging Tax 1,100.00
CSB Lodging Tax 3,300.00 2,019.25 17,000.00$
Estates B&B Lodging Tax 700.00 910.38
23,800.00$ 9,367.30$ Budget
Vendor 2023
Budget YTD Exp Professional Services ‐ Manage Social Media (Bruno Press)9,000.00$
Vendor 2022 2022 Travel & Conference Expenses ‐$
Professional Services ‐ Manage Social Media (Bruno Press)9,000.00$ 6,750.00$ IT Services ‐ Website/Social Media 600.00
Visitor's Bureau ‐ Rubinski Works ‐ Videos 2,100.00 ‐ Visitor's Bureau ‐ Rubinski Works ‐ Videos 500.00
Visitor's Bureau ‐ Rubinski Works ‐ Videos 300.00 Visitor's Bureau ‐ Photos 500.00
Visitor's Bureau ‐ Website/Joetownmn.com Hosting 1,745.00 529.00 Community Programs ‐ Shop Small/Winterwalk/Feb/June 1,945.00
Visitor's Bureau ‐ Shop Small/Winterwalk Postcards 500.00 Visitors Bureau Prizes ‐ Swag Give‐Aways/Prizes 200.00
Visitor's Bureau ‐ Photos 10.00 Marketing ‐ SHRPA 500.00
Visitors Bureau ‐ Photo Contest Prizes 190.00 190.00 Marketing ‐ Campaigns 1,000.00
Visitor's Bureau ‐ Bike Racks 1,000.00 Visitor's Bureau ‐ Merchandise (Krillan/Rambow)1,000.00
Visitor's Bureau ‐ Wobegon Trailhead Maps/Signage**2,900.00 2,036.21 Advertise ‐ Think Tourism USA 775.00
Marketing ‐ Additional with Sponsorship Fees 2,000.00 Advertise ‐ MN Trails Magazine 780.00
Marketing ‐ SHRPA ‐ Advertise ‐ Newcomer Service Magazine 200.00
Marketing ‐ Feel The Love Campaign 1,000.00 1,000.00 17,000.00$
Marketing ‐ Merchandise Sales (Krillan/Rambow)1,500.00 346.17
Advertise ‐ Think Tourism USA 775.00 775.00
Advertise ‐ MN Trails Magazine 580.00 680.00
Advertise ‐ Newcomer Service Magazine 200.00
23,800.00$ 12,306.38$
Ending Cash Balance 8‐31‐22 18,361.97$
** Propose trailhead sign to be paid for with fund 390 ‐ balance from City welcome signs project
EDA Fund 150 Budget:
2022 Website Update 3,151.20$
2022 Explore MN Grant ‐$
3,151.20$
13
08/10/22 3:17 PM
EDA Balance Sheet
City of St. Joseph Page 1
Current Period: July 2022
FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $82,443.78 $78,211.63 $68,460.69 $92,194.72
Economic Development G 150-10450 Interest Receivable $347.24 $0.00 $347.24 $0.00
Economic Development G 150-10500 Accounts Receivable $265.00 $0.00 $265.00 $0.00
Economic Development G 150-10700 Taxes Receivable - Delinquen $597.94 $0.00 $597.94 $0.00
Economic Development G 150-13113 Due From other Gov t Units $6,406.42 $0.00 $6,406.42 $0.00
Economic Development G 150-15500 Due From Other Fund $8,800.00 $0.00 $0.00 $8,800.00
Economic Development G 150-20200 Accounts Payable -$6,337.11 $6,337.11 $0.00 $0.00
Economic Development G 150-20201 Salaries Payable -$718.83 $718.83 $0.00 $0.00
Economic Development G 150-22204 Deferred Inflow of Resources -$597.94 $597.94 $0.00 $0.00
Economic Development G 150-24415 Design. Fd Bal - Operations $0.00 $0.00 $0.00 $0.00
Economic Development G 150-25310 Unassigned Fund Balance -$91,206.50 $75,479.35 $85,267.57 -$100,994.72
$0.00 $161,344.86 $161,344.86 $0.00FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude Senior G 153-10100 Cash $16,793.60 $35,000.94 $33,074.52 $18,720.02
TIF 4-1 Fortitude Senior G 153-10450 Interest Receivable $41.54 $0.00 $41.54 $0.00
TIF 4-1 Fortitude Senior G 153-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-20500 Due To Other Fund $0.00 $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior G 153-25310 Unassigned Fund Balance -$16,835.14 $33,116.06 $35,000.94 -$18,720.02
$0.00 $68,117.00 $68,117.00 $0.00FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $36,109.62 $24,130.08 $23,867.01 $36,372.69
TIF 2-1 Millstream G 157-10450 Interest Receivable $101.75 $0.00 $101.75 $0.00
TIF 2-1 Millstream G 157-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 2-1 Millstream G 157-25310 Unassigned Fund Balance -$36,211.37 $23,968.76 $24,130.08 -$36,372.69
$0.00 $48,098.84 $48,098.84 $0.00FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/All G 159-10100 Cash $341.99 $19,963.61 $2,098.45 $18,207.15
TIF 2-3 Bayou Blues/All G 159-10450 Interest Receivable $12.21 $0.00 $12.21 $0.00
TIF 2-3 Bayou Blues/All G 159-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-20500 Due To Other Fund -$8,800.00 $0.00 $0.00 -$8,800.00
TIF 2-3 Bayou Blues/All G 159-25310 Unassigned Fund Balance $8,445.80 $2,110.66 $19,963.61 -$9,407.15
$0.00 $22,074.27 $22,074.27 $0.00FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
Lodging Tax G 220-10100 Cash $20,513.02 $6,017.87 $12,099.18 $14,431.71
Lodging Tax G 220-10450 Interest Receivable $55.61 $0.00 $55.61 $0.00
Lodging Tax G 220-10500 Accounts Receivable $808.92 $0.00 $808.92 $0.00
Lodging Tax G 220-20200 Accounts Payable -$76.50 $76.50 $0.00 $0.00
Lodging Tax G 220-25310 Unassigned Fund Balance -$21,301.05 $12,963.71 $6,094.37 -$14,431.71
$0.00 $19,058.08 $19,058.08 $0.00FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
DEED CDAP Grant G 225-10100 Cash $43,061.59 $2,343.33 $2,070.30 $43,334.62
DEED CDAP Grant G 225-10450 Interest Receivable $131.60 $0.00 $131.60 $0.00
DEED CDAP Grant G 225-25310 Unassigned Fund Balance -$43,193.19 $2,201.90 $2,343.33 -$43,334.62
14
FUND Descr Account Descr Begin Yr YTDDebit YTDCredit CurrentBalance
Page 2
08/10/22 3:17 PM
EDA Balance Sheet
City of St. Joseph
Current Period: July 2022
$0.00 $4,545.23 $4,545.23 $0.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $402,926.68 $9,088.75 $11,682.77 $400,332.66
Revolving Loan Fund G 250-10450 Interest Receivable $626.60 $0.00 $626.60 $0.00
Revolving Loan Fund G 250-11900 Notes Receivable $67,430.15 $0.00 $67,430.15 $0.00
Revolving Loan Fund G 250-11910 Note Interest Receivable $35.29 $0.00 $35.29 $0.00
Revolving Loan Fund G 250-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
Revolving Loan Fund G 250-22204 Deferred Inflow of Resources -$67,210.43 $67,210.43 $0.00 $0.00
Revolving Loan Fund G 250-24415 Design. Fd Bal - Operations -$377,053.91 $0.00 $0.00 -$377,053.91
Revolving Loan Fund G 250-25310 Unassigned Fund Balance -$26,754.38 $12,564.38 $9,088.75 -$23,278.75
$0.00 $88,863.56 $88,863.56 $0.00FUND 250 Revolving Loan Fund
$0.00 $412,101.84 $412,101.84 $0.00
15
2022 Capital Expenditures
General Fund Capital Improvement Plan ‐ EDA
EDA Recommended: August 17, 2021
Adopted December 6, 2021
12/31/2021
Available through 7/31 through 7/31
Project Project Reserve Budget Grants/Aids Spent 2022
Department Account Code Number Equipment Balance 2022 2022 2022 Balance
EDA 150-46500-582 EDA-1401 Computer Software 2,806.74 500.00 3,306.74
EDA 150-46500-588 EDA-1402 Business Development 524.00 25,000.00 10,440.78 15,083.22
RLF 250-46500-588 EDA-1402 Business Development 377,053.91 ‐ 377,053.91
377,577.91 25,000.00 ‐ 10,440.78 392,137.13
TOTAL EDA CIP 380,384.65 25,500.00 ‐ 10,440.78 395,443.87
16
08/10/22 3:18 PM
EDA Expenditure Report
City of St. Joseph Page 1
Current Period: July 2022
Account Descr 2022YTD Budget July2022 Amt 2022YTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries $32,985.00 $2,526.06 $18,307.73
E 150-46500-103 Legislative Bodies $1,050.00 $210.00 $455.00
E 150-46500-121 PERA Contributions $2,475.00 $189.46 $1,373.12
E 150-46500-122 FICA Contributions $2,000.00 $155.10 $1,125.46
E 150-46500-123 Deferred Comp-Employer $455.00 $17.50 $131.25
E 150-46500-125 Medicare Contributions $465.00 $36.28 $263.25
E 150-46500-130 H S A- Employer Contribution $790.00 $0.00 $787.50
E 150-46500-131 Health Insurance $5,670.00 $416.06 $2,912.42
E 150-46500-132 Dental Insurance $445.00 $27.78 $194.46
E 150-46500-133 Life Insurance $30.00 $2.33 $16.31
E 150-46500-134 Disabilty Insurance $280.00 $22.30 $156.10
E 150-46500-151 Workers Comp. Insur. Prem. $190.00 $0.00 $0.00
E 150-46500-171 Clothing Allowance $0.00 $0.00 $0.00
E 150-46500-200 Office Supplies $300.00 $0.00 $68.91
E 150-46500-215 Software Support $1,455.00 $0.00 $1,307.49
E 150-46500-300 Professional Services $1,000.00 $0.00 $232.58
E 150-46500-303 Engineering Fee $1,000.00 $0.00 $0.00
E 150-46500-304 Legal Fees $1,000.00 $220.00 $220.00
E 150-46500-308 Community Programs $0.00 $0.00 $0.00
E 150-46500-321 Telephone $1,720.00 $110.83 $791.96
E 150-46500-322 Postage $100.00 $0.00 $0.00
E 150-46500-328 Marketing $1,000.00 $0.00 $500.00
E 150-46500-331 Travel & Conference Expense $1,400.00 $0.00 $444.70
E 150-46500-340 Advertising $0.00 $0.00 $79.20
E 150-46500-420 Depreciation $0.00 $0.00 $0.00
E 150-46500-433 Dues & Memberships $5,295.00 $0.00 $0.00
E 150-46500-582 Computer Software $500.00 $0.00 $0.00
E 150-46500-588 EDA Programs $25,000.00 $2,000.00 $9,151.20
E 150-46500-622 TIF/Abatement Payments $35,000.00 $18,194.54 $18,194.54
E 150-49300-720 Transfers to Other Funds $4,000.00 $0.00 $0.00
$125,605.00 $24,128.24 $56,713.18FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
E 153-46500-300 Professional Services $1,000.00 $0.00 $1,000.00
E 153-46500-301 Audit & Accounting Services $0.00 $0.00 $0.00
E 153-46500-306 County TIF Admin Fee $0.00 $48.79 $48.79
E 153-46500-340 Advertising $55.00 $0.00 $39.60
E 153-46500-622 TIF/Abatement Payments $0.00 $31,466.55 $31,466.55
E 153-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,055.00 $31,515.34 $32,554.94FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
E 157-46500-300 Professional Services $1,000.00 $0.00 $1,000.00
E 157-46500-301 Audit & Accounting Services $0.00 $0.00 $0.00
E 157-46500-306 County TIF Admin Fee $0.00 $33.59 $33.59
E 157-46500-340 Advertising $55.00 $0.00 $39.60
E 157-46500-622 TIF/Abatement Payments $0.00 $21,659.73 $21,659.73
E 157-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,055.00 $21,693.32 $22,732.92FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-300 Professional Services $1,000.00 $0.00 $2,000.00
17
Account Descr 2022YTD Budget July2022 Amt 2022YTD Amt
Page 2
08/10/22 3:18 PM
EDA Expenditure Report
City of St. Joseph
Current Period: July 2022
E 159-46500-301 Audit & Accounting Services $0.00 $0.00 $0.00
E 159-46500-306 County TIF Admin Fee $0.00 $27.85 $27.85
E 159-46500-340 Advertising $55.00 $0.00 $39.60
E 159-46500-622 TIF/Abatement Payments $0.00 $0.00 $0.00
E 159-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
$1,055.00 $27.85 $2,067.45FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
E 220-46500-300 Professional Services $9,000.00 $750.00 $6,000.00
E 220-46500-308 Community Programs $0.00 $0.00 $0.00
E 220-46500-309 Visitors Bureau Photos/Videos $9,745.00 $0.00 $1,054.00
E 220-46500-310 IT Services $0.00 $0.00 $0.00
E 220-46500-311 Visitors Bureau Prizes $0.00 $0.00 $0.00
E 220-46500-313 Visitors Bureau Merchandise $0.00 $0.00 $0.00
E 220-46500-328 Marketing $3,500.00 $1,344.42 $4,380.11
E 220-46500-331 Travel & Conference Expense $0.00 $0.00 $0.00
E 220-46500-340 Advertising $1,555.00 $0.00 $0.00
$23,800.00 $2,094.42 $11,434.11FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services $0.00 $0.00 $0.00
E 225-46500-340 Advertising $0.00 $0.00 $0.00
E 225-46500-431 Annexation/Recording Fee $0.00 $690.00 $690.00
$0.00 $690.00 $690.00FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
E 250-46500-300 Professional Services $0.00 $0.00 $0.00
E 250-46500-304 Legal Fees $0.00 $0.00 $0.00
E 250-46500-317 Other fees $0.00 $0.00 $0.00
E 250-46500-434 Certification Fee $0.00 $0.00 $0.00
E 250-46500-455 Revolving Loan Proceeds $0.00 $0.00 $0.00
$0.00 $0.00 $0.00FUND 250 Revolving Loan Fund
$152,570.00 $80,149.17 $126,192.60
18
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
July 2022
Fund 150, EDA Balance as of December 31, 2021 (Audited)91,206.50
Year to Date Revenue:Budget YTD Actual
Interest Earnings 1,020 (3,420.15)
TIF/MIF Deposit/Fee -2,495.00
Abatement Reimbursement (School District)9,385 4,691.00
Ad Valorem Taxes 119,905 62,735.55
Total Revenue 130,310 66,501.40
Year to Date Expenditures by Object:
Board Stipends 1,050 (455.00)
Staff Salaries/Training 51,390 (25,712.30)
Workers Comp Premium 190 -
Software Support/Office Supplies 1,755 (1,376.40)
Professional Services 1,000 (232.58)
Legal/Engineering Fees 2,000 (220.00)
Telephone 1,720 (791.96)
Greater St. Cloud Development Investment 5,000 -
Advertising -(79.20)
Marketing 1,000 (500.00)
Abatement Payments (Country Manor)35,000 (18,194.54)
Computers 500 -
EDA Programs 25,000 (9,151.20)
Transfer to Other Funds - -
Total Expenses 125,605 (56,713.18)
Fund Summaries as of July 31, 2022:
EDA Fund Balance - Fund 150 - unaudited, cash balance 100,994.72
Designated for Capital Programs 18,389.96
Undesignated 82,604.76
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 18,720.02
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 36,372.69
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 (9,407.15)
Lodging Tax Fund Balance - Fund 220 14,431.71
DEED CDAP Grant Fund Balance - Fund 225 43,334.62
Revolving Loan Fund Balance - Fund 250 400,332.66
Designated for Revolving Loan Program 23,278.75
Designated for Economic Development 377,053.91
19
08/10/22 3:19 PM
EDA Revenue Report
City of St. Joseph Page 1
Current Period: July 2022
Account Descr SOURC 2022YTD Budget July2022 Amt 2022YTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes 31010 $115,220.00 $19,813.90 $62,735.55
R 150-46500-33160 Federal Grants - Other 33160 $0.00 $0.00 $0.00
R 150-46500-34150 TIF/Abatement Deposit 34150 $0.00 $0.00 $995.00
R 150-46500-34155 TIF/Abatement Fee 34155 $0.00 $0.00 $1,500.00
R 150-46500-34160 Tax Abatement Reimbursement 34160 $9,385.00 $4,691.00 $4,691.00
R 150-46500-36210 Interest Earnings 36210 $1,000.00 $113.66 -$3,420.15
R 150-49302-36260 Surplus Property 36260 $0.00 $0.00 $0.00
R 150-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$125,605.00 $24,618.56 $66,501.40FUND 150 Economic Development
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment 31050 $0.00 $10,488.85 $34,962.83
R 153-46500-36210 Interest Earnings 36210 $100.00 $38.11 -$523.01
R 153-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 $10,526.96 $34,439.82FUND 153 TIF 4-1 Fortitude Senior Apts
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment 31050 $0.00 $7,219.91 $24,066.37
R 157-46500-36210 Interest Earnings 36210 $250.00 $63.71 -$1,172.13
$250.00 $7,283.62 $22,894.24FUND 157 TIF 2-1 Millstream
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment 31050 $0.00 $5,986.38 $19,954.64
R 159-46500-36210 Interest Earnings 36210 $100.00 $5.72 -$34.24
R 159-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$100.00 $5,992.10 $19,920.40FUND 159 TIF 2-3 Bayou Blues/Alley Flat
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax 31600 $14,000.00 $435.90 $4,752.49
R 220-46500-33400 State Grants and Aids 33400 $0.00 $0.00 $0.00
R 220-46500-34406 Sponsorship Fee 34406 $4,000.00 $0.00 $0.00
R 220-46500-34409 Marketing 34409 $1,500.00 $131.25 $431.25
R 220-46500-36210 Interest Earnings 36210 $300.00 $25.21 -$618.97
R 220-46500-36230 Contributions - General 36230 $0.00 $0.00 $0.00
R 220-49302-39201 Transfers from Other Funds 39201 $4,000.00 $0.00 $0.00
$23,800.00 $592.36 $4,564.77FUND 220 Lodging Tax
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement 34200 $0.00 $0.00 $2,273.72
R 225-46500-36210 Interest Earnings 36210 $300.00 $69.61 -$1,442.29
R 225-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
$300.00 $69.61 $831.43FUND 225 DEED CDAP Grant
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings 36210 $1,500.00 $629.00 -$11,680.37
R 250-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00
R 250-46500-39320 Loan Principal 39320 $12,665.00 $1,050.86 $7,120.54
R 250-46500-39321 Loan Interest 39321 $1,720.00 $152.87 $1,084.20
R 250-46500-39322 Loan Origination Fee 39322 $0.00 $0.00 $0.00
$15,885.00 $1,832.73 -$3,475.63FUND 250 Revolving Loan Fund
20
Account Descr SOURC 2022YTD Budget July2022 Amt 2022YTD Amt
Page 2
08/10/22 3:19 PM
EDA Revenue Report
City of St. Joseph
Current Period: July 2022
$166,040.00 $50,915.94 $145,676.43
21
CVB 2022 Financial Summary
As of July 31, 2022
Beginning Fund Balance 1‐1‐22 (audited)21,301.05$
Budget YTD Rev Budget
Customer 2022 2022 Customer 2023
Interest Earnings 300.00$ (618.97)$ Interest Earnings 300.00$
T‐shirt/Hats/Merchandise Sales 1,500.00 431.25 T‐shirt/Hats/Merchandise Sales 1,000.00
Sponsorship dues 4,000.00 Rodeway Inn Lodging Tax 10,500.00
EDA Transfer ‐ Sponsorship Match 4,000.00 CSB Lodging Tax 4,100.00
Rodeway Inn Lodging Tax 10,000.00 3,617.59 Estates B&B Lodging Tax 1,100.00
CSB Lodging Tax 3,300.00 327.45 17,000.00$
Estates B&B Lodging Tax 700.00 807.45
23,800.00$ 4,564.77$ Budget
Vendor 2023
Budget YTD Exp Professional Services ‐ Manage Social Media (Bruno Press)9,000.00$
Vendor 2022 2022 Travel & Conference Expenses ‐$
Professional Services ‐ Manage Social Media (Bruno Press)9,000.00$ 6,000.00$ IT Services ‐ Website/Social Media 600.00
Visitor's Bureau ‐ Rubinski Works ‐ Videos 2,100.00 ‐ Visitor's Bureau ‐ Rubinski Works ‐ Videos 500.00
Visitor's Bureau ‐ Rubinski Works ‐ Videos 300.00 Visitor's Bureau ‐ Photos 500.00
Visitor's Bureau ‐ Website/Joetownmn.com Hosting 1,745.00 529.00 Community Programs ‐ Shop Small/Winterwalk/Feb/June 1,945.00
Visitor's Bureau ‐ Shop Small/Winterwalk Postcards 500.00 Visitors Bureau Prizes ‐ Swag Give‐Aways/Prizes 200.00
Visitor's Bureau ‐ Photos 10.00 Marketing ‐ SHRPA 500.00
Visitors Bureau ‐ Photo Contest Prizes 190.00 190.00 Marketing ‐ Campaigns 1,000.00
Visitor's Bureau ‐ Bike Racks 1,000.00 Visitor's Bureau ‐ Merchandise (Krillan/Rambow)1,000.00
Visitor's Bureau ‐ Wobegon Trailhead Maps/Signage**2,900.00 1,913.94 Advertise ‐ Think Tourism USA 775.00
Marketing ‐ Additional with Sponsorship Fees 2,000.00 Advertise ‐ MN Trails Magazine 780.00
Marketing ‐ SHRPA ‐ Advertise ‐ Newcomer Service Magazine 200.00
Marketing ‐ Feel The Love Campaign 1,000.00 1,000.00 17,000.00$
Marketing ‐ Merchandise Sales (Krillan/Rambow)1,500.00 346.17
Advertise ‐ Think Tourism USA 775.00 775.00
Advertise ‐ MN Trails Magazine 580.00 680.00
Advertise ‐ Newcomer Service Magazine 200.00
23,800.00$ 11,434.11$
Ending Cash Balance 7‐31‐22 14,431.71$
** Propose trailhead sign to be paid for with fund 390 ‐ balance from City welcome signs project
EDA Fund 150 Budget:
2022 Website Update 3,151.20$
2022 Explore MN Grant ‐$
3,151.20$
22
EDA Agenda Items 5 - 9
MEETING DATE: August 16th, 2022
AGENDA ITEM: 5. Façade Grant Request – St. Joseph Wellness Center6. GSDC7. Boutique hotel site discussion
8. EDA/CVB Budget update9. JR Mobile update
PREVIOUS BOARD ACTION: 7 – EDA directed staff to formulate list of potential sites for discussion at August meeting 8 – discussion occurred at July meeting on budget ideas
9 – verbal updates provided at every meeting
BACKGROUND INFORMATION:
5 – Façade Grant Request – St. Joseph Health and Wellness Center Julia Krengel (owner) of St. Joseph Health and Wellness Center has submitted a Facade grant request for
$2,000. The request is for Phase 1 improvements to her property which entail: new window on Eastern side of building, and signage enhancements. Her existing building has four to five wall signs sprinkled on the building. Her vision is to remove the
wall signs and consolidate them on one freestanding sign. She will also add some landscaping to the base of the sign. Code does require landscaping around base of freestanding signs.
Julia has also completed other enhancements to the property including painting of the brick to white, and adding freestanding planters. She intends to do more window replacement next year as a Phase 2 project. Julia will attend the meeting and provide additional overview of the proposal and her vision.
6 – GSDC
Leslie Dingman (GSDC staff) will attend meeting and provide an overview of GSDC activities.
7 – Boutique hotel site discussion
Attached is a document outlining the Boutique hotel concept, examples throughout the state (plus one in Wisconsin!), and potential sites of consideration. Staff will go through the various sites with the intent to have EDA discuss and provide further direction. Staff will also provide verbal update on conversations had with individual property owners.
8 – EDA/CVB Budget update EDA -no formal requests at this time for budget initiatives. Future requests for 2023 could include: grants tied to JR Mobile site and boutique hotel, along with potential utilization of marketing dollars towards boutique hotel idea (only after the concept/vision and site is more formalized) and/or securing Rights of First Refusal for targeted sites.
23
CVB – Lori and Nate met with Mary Bruno and CVB discussed their priorities for 2023 at their August meeting. These included:
•Holding an event in Jan./Feb.
•Holding an event in June/July
•Conducting another photo contestAt this time there is no request to EDA for additional funds. All initiatives will fall under existing budget. The estimated budget is $17,000 with $12,355 being allocated for.
9 – JR Mobile update The Council authorized issuance of resolution 2022-045 which declared the building as hazardous and directed an order to commence repairs within 10 days or to raze/remove the building within 30 days (from date of order).
BUDGET/FISCAL IMPACT:
6 – annual membership fee costs of $5,000
7 – none at this time 8 – none at this time 9 – none at this time
ATTACHMENTS: Facade Grant application GSDC membership/background
Boutique hotel background and potential site locations
REQUESTED BOARD ACTION: 5 - recommendation on Facade Grant request 6 – discussion only. Recommendation for GSDC membership can occur at Oct. meeting 7 – recommendation/discussion on top sites to target 8 – no motion needed 9 – no motion needed
24
5 - $2,000 if full grant match is approved
25
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27
28
29
30
31
32
33
34
35
36
2023 Public Partner Investment Contribution Request
of City of St. Joseph: $ 5,000
The Greater St. Cloud Development Corporation (GSDC) greatly appreciates the financial support it has
received from the City of St. Joseph for the past several years which has helped enable the GSDC to make a
difference for countless City residents and businesses.
But the need and opportunity to continue making a positive difference remains. Likewise, the need for your
support, collaboration and partnership also remains. And that is why the GSDC respectfully requests that the
City of St. Joseph continue its allocation level of $5,000 for 2023. St. Joseph City taxpayers have and will
continue to receive a manyfold return on that investment in the form of increased economic development
activities and successes.
The GSDC exists to lead inclusive and equitable economic development for the benefit of St. Joseph and the
entire Greater St. Cloud community. The City’s continued engagement and investment in these efforts are
vitally important. We thank you for considering this request.
PURPOSE & GOALS: The GSDC’s purpose, as formally adopted by the GSDC board of directors on June 23,
2022, is: Shaping tomorrow by providing the resources, connections and expertise to optimize your success.
Imperative priorities have also been established by the board (business vitality, talent resourcing, quality of life
& promoting the region) with key strategies and tactics being developed to guide the 2023 – 2025 work
priorities and investments of the organization. The outcome we aspire for remains unchanged: To expand
economic capacity for our region, provide new opportunities for our investors, and enhance everyone’s
productivity, growth and quality of life!
FINANCIAL INVESTMENT REQUEST: The attached exhibit depicts the value proposition and investment
guideline that was introduced in 2019 and continues to serve as the basis for the investment level being
requested of our public partners beginning 2020. As such, we respectfully request favorable consideration for
$5,000 for 2023. This translates to ½ of 1% of our total estimated annual income. In total, 80% of GSDC’s
revenue source comes from private investor contributions, 9% from grants and 11% from public investor
contributions. The GSDC is the optimal vehicle for leveraging investment and support from the business
community in support of economic and community development endeavors that align with the efforts of our
public partners.
We’re also pleased to share that both the City of Waite Park and City of St. Augusta have now also joined and
are providing investment support to the GSDC.
Attached please find the 2021 GSDC Annual Report, our “10 Highlights, 10 Years” flyer, and our 2021 St. Cloud
Shines regional marketing campaign achievement flyer which each offer a more comprehensive overview of
initiatives and accomplishments of the organization. Our brief 2021 GSDC Highlights video can be accessed
here: https://www.greaterstcloud.com/#
37
NOTEWORTHY CALL OUTS:
•COVID-19 Response – GSDC made an abrupt and very targeted pivot in developing a 3 phase strategy
to help lead our community through the COVID-19 pandemic and position our region for its best
possible future. We’ve assisted hundreds of devasted local companies secure financing and other
resources during the COVID-19 pandemic.
•Airport Optimization Study – GSDC successfully led efforts to secure $250,000 of State funding and
facilitated the successful completion a comprehensive, market based study that resulted in the
development of a solid business case and strategy for achieving greater optimization of the STC
Airport. And, over the course of this past year, GSDC was engaged through its board chair, Brian
Myres, in efforts that led to the long-awaited creation of a Regional Airport Authority which received
formal approval by the FAA in December 2021. This is a pivotal step forward in positioning the airport
for greater success and economic benefit to the region.
•Infrastructure Investment - GSDC continues to advocate for infrastructure investment in the region
through our continued membership with the Minnesota Transportation Alliance, Highway 23
Coalition, Greater MN Partnership and the I-94 West Corridor Coalition. The GSDC has been serving
as the local convener of partners for the Recharge St. Cloud Electric Vehicle event. The GSDC has
provided advocacy for multiple local legislative funding proposals including: City of St. Cloud –
Heatherwood Road & St. Cloud Area Metro Sewer System Replacement Project; City of St. Joseph –
sewer extension project; City of Waite Park – expansion of infrastructure to support The Ledge
ampitheater; I-94 West Coalition – expansion projects; Initiative Foundation – SBA Prime grant for
Enterprise Academy; City of Foley – wastewater treatment facility plan update.
•Talent work – Multiple strategies and efforts have been deployed to further our region’s talent
attraction, retention and development needs.
o JobSpot has posted and promoted more than 16,000 local jobs over the past year.
o A new platform was created, Around Cloud Tutors, to help connect digital learners with free
tutoring assistance which helps alleviate hurdles affecting our local workforce and businesses.
o EPIC (Exploring Potential Interests and Careers) connects area secondary school youth with
local business entities to help expose future workforce to local opportunities. Approximately
4,000 students from 30 area schools are expected to participate in EPIC 2022 on October 28th.
o GSDC played a key role in the Sauk Rapids Rice Job Fair for students held in May 2022.
o The GSDC commissioned Labor Availability Study and report was presented at a well-attended
St. Joseph Chamber of Commerce session in 2021.
o GSDC’s Talent Director facilitated the GSDC sponsored Benton Economic Partnership Employer
Workforce Panel at the Fall 2021 membership meeting and also serves on the newly formed
BEP Workforce Committee.
o Creation of the District 742 Employer Advisory committee was led by GSDC to help connect
educators with business leaders in aiding relevant curriculum development for our future
workforce. And more recently, the GSDC played a key role in the creation of the Sauk Rapids
Rice Employer Advisory committee.
o GSDC has been an active leader and partner in construction career advocacy and making
strides in dismantling age restriction barriers.
o GSDC is a heavily engaged partner in multiple strategies to expand of affordable child care
resources in our region.
o Executive Roundtable was convened by the GSDC bringing 25 executives together to discuss
and share strategies with one another focused on workforce solutions to set us apart as the
region of choice for talent attraction and retention.
•Business Development Assistance –
o Monthly St. Joseph/GSDC calls: Reoccurring monthly calls take place between Nate Keller and
Leslie Dingmann to discuss timely project and opportunity updates.
38
o Associated Wholesale Grocers (AWG) - Our public partners first introduction and opportunity
to assist in successfully attracting AWG to our region came into play only after several weeks
of interaction by the GSDC in partnership with Rice Companies and Coborns had already taken
place and set the stage for this exciting business attraction opportunity. This development
results in +$75 million in capital investment and +400 quality jobs.
o Business Start Ups - GSDC successfully led efforts to secure partners and funding to bring
start-up business accelerator programs from a nationally acclaimed provider – gener8tor to
our region. gBETA Greater MN St. Cloud and gALPHA Greater MN St. Cloud provide intense
development, guidance and support to local entrepreneurs and startups in our region. And the
GSDC successfully pursued and was awarded a third round Launch MN grant of $100,000 to
further support 200+ entrepreneurs and business start ups in the broader west central region
of MN in 2022.
o Main Street Economic Revitalization Program (MSERP) – GSDC partnered with and provided
significant support to the City of St. Cloud, Benton Economic Partnership and Initiative
Foundation in the successful application for round two corridor designation that resulted in an
award of $4.5 million for eligible projects in the region (Little Falls, Cold Spring, Long Prairie,
Brainerd, St. Cloud/East St. Cloud and Pine River).
o DEED Collaboration & Legislative Advocacy – GSDC represented the central Minnesota region
in multiple DEED sponsored events this past year to promote business development
opportunities to site selectors from across the US and to collaborate in marketing our region
and our State for economic development. We hosted a visit by DEED Commissioner Grove with
a select group of manufacturing business leaders (Build What Matters). We were instrumental
in facilitating a site visit by Governor Walz to ILT Studios in their new downtown St. Cloud
location and promoting the key role ILT Studios plays via contract with the GSDC to support
local entrepreneurs and business start ups.
o Minority Business Enterprises (MBE) Survey – GSDC partnered with the Initiative Foundation
to complete a comprehensive survey and assessment by the Center for Economic Inclusion to
assist in better understanding and responding to the challenges and opportunities that will
lead to a greater level of success and prosperity for entrepreneurs and business operators
from Black, Indigenous, Hispanic and Asian communities.
o Quarterly Business Report (QBR) – GSDC continues to provide significant financial support
annually for the research aspect of the QBR report produced by SCSU economists.
•Regional Marketing Initiative – GSDC’s comprehensive placemaking and social media marketing
campaign (St. Cloud Shines) that was launched January 1, 2019, to promote all the great happenings
and opportunities in the greater St. Cloud region has garnered more than 155 million impressions
since its launch. Please refer to the attached highlights flyer. And the most recent feature showcased
in the St. Cloud Shines campaign was Shannon Wiger and the redevelopment projects she’s been doing
in downtown St. Joseph! As a public partner contributor to the GSDC, the City of St. Joseph also is
provided a more expansive scope of information in the “Get To Know Our Communities” resource in
the St. Cloud Shines community website.
•2021 Innovation Awards – The GSDC annually recognizes St. Cloud area for-profit and non-profit
organizations employing innovation to solve problems and create opportunities. Each year 4 are
selected and receive a cash award of $1,000, a beautiful award trophy, and a video that is produced to
showcase their innovation. The 2021 event was held at the new events center in Sauk Rapids (The
Clearing) and recipients were: MK1 Engineering, St. Cloud Public Safety Foundation, City of Waite
Park/The Ledge, and Wolters Kluwer. Solicitation of nominations for 2022 Innovation Awards is now
underway and will be celebrated at the GSDC Year End All Investor event on November 3rd at the 539
East St. Germain Building (Iron Street Distillery & Event Center).
•MN Young American Leaders Program – GSDC was invited to recruit and select a second cohort of
eight (8) young leaders from our region to participate in the highly acclaimed Harvard based training
program. Our first round cohort of 10 young leaders was hosted in 2019.
39
•Recharge St. Cloud EV Expo – GSDC has served as the local convener of partners, including St. Joseph
based Opus Motorcar, to collaborate with Recharge MN to help introduce and educate the public to
world of electric vehicles. The event is being held at the River’s Edge Convention Center on July 9 from
10 am – 2 pm and is free and open to the public to attend. Every test drive at the event will also result
in a $40 donation to VEX MN programming.
GSDC 2022 and PRELIMINARY 2023 BUDGET HIGHLIGHTS:
2022 Budget:
Revenues
Corporate Investor Income $ 785,035
City & County Contributions $ 75,500
Sponsorship Income $ 30,500
Project Initiative Income $ 70,000
Other Income $ (15,701)
Fee For Service Revenue $ 33,500
Total $ 978,834
Expenses
Marketing & Advertising for
Talent & Business Attraction $ 274,142
Events & Sponsorships $ 90,293
Memberships & Projects $ 45,205
Staffing & Office $ 626,381
Total $1.036,021
Net Revenue-Expenses $ ( 57,187)
Projected 12-31-22 Cash $ 264,560
(unrestricted)
2023 Preliminary Budget:
Revenues
Corporate Investor Income $ 800,000
City & County Contributions $ 86,000
Sponsorship Income $ 25,000
Project Initiative Income $ 60,000
Fee For Service Revenue $ 18,000
Total $ 989,000
Expenses
Marketing & Advertising for
Talent & Business Attraction $ 199,000
Events & Sponsorships $ 90,000
Memberships & Projects $ 50,000
Staffing & Office $ 650,000
Total $ 989,000
Net Revenue-Expenses $ 0
Projected 12-31-23 Cash $ 264,560
(unrestricted) (unrestricted)
40
Exhibit
2017 - 2022 GSDC
Public Sector Partner Investments
ACTUAL INVESTMENT AMOUNTS
2017 2018 2019 2020 2021 2022
Benton County $10,000 $10,000 $ 10,000 $10,000 $ 7,500 $ 7,500
Sherburne County $10,000 $10,000 $ 10,000 $10,000 $10,000* $10,000
Stearns County $30,000 $30,000 $ 20,000 $15,000 $15,000 $15,000
Becker $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000
Cold Spring $ 3,000 $ 3,000
St. Augusta $ 3,000
St. Joseph $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000
Sauk Rapids $ 8,000 $ 8,000 $ 8,000 $ 8,000 $10,000 $10,000
Sartell $11,000 $11,000 $ 11,000 $10,000 $10,000* $10,000
Waite Park $ 5,000
St. Cloud $40,000 $40,000 $ 10,000 $10,000+ $10,000 $10,000
St. Cloud Schools $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000
Sauk Rapids-Rice $ 3,000 $ 3,000 $ 3,000 $ 3,000
*Sherburne County and the City of Sartell also contributed $10,000 & $5,000 respectively from their CARES Act
grant funds to GSDC for the community portal (www.StCloudShines.com) initiative.
41
GSDC’s Value Proposition to
Contributing City & County
Partners – January 2020
“The whole is greater than the sum of its parts” – Artistotle
The GSDC recognizes that the most effective way to expand the success of our region is through
mutual collaboration and partnering with key stakeholders in the region. Our city and county leaders
play a vital role in efforts to achieve the desired vision for our region: Greater St. Cloud is a growing
and vibrant community where talented people choose to live, work, engage and prosper together.
Standard Service Portfolio for All City and County Partners
GSDC offers the following services and resources to all of the city and county entities located in our 2 ½
county service area:
•Conduct and/or assist with Business Retention and Expansion (BRE) visits for primary sector
companies located in your jurisdiction that are on the GSDC’s target industry list
•Conduct and/or assist with Business Attraction primary sector prospects that may be
considering a location in your jurisdiction
•Facilitate provision of Business Startup support assistance, including potential gBETA and
gALPHA programming, for prospects from or considering a location in your jurisdiction
•Invitation to participate in qualifying RFP solicitations for business attraction opportunities
•Advocacy for major infrastructure investments that support business and community
development (e.g., I94/TH10/TH23 expansion, Northstar rail extension, air service expansion)
•Hosting commercially listed development sites on the regional site search portal on the GSDC
website
Enhanced Service Portfolio Options Available Exclusively to Contributing City and County Partners
In addition to the standard service portfolio offerings described above, GSDC offers the following value
enhancing services to those city and county partners located in our 2 ½ county service area that
choose to contribute accordingly:
•Priority access to key business leaders.
o All elected officials & key professional staff are invited to attend the GSDC Board of
Advisor/All Investor meetings (minimum 3X per year).
o Economic development professionals/administrators are invited to meet bieannially
with the GSDC investor leadership group for business development (25-30 business
sector leaders) to share development updates and elicit feedback
•Access to business and talent development expertise and assistance. GSDC professional staff will
attend and participate in, as desired by the city or county, your economic development entity
(EDA, EDC, HRA) meetings
42
•Exclusive access to key industry and agency professionals. Targeted participation is offered in
roundtable events hosted by GSDC with site selectors, BRE training professionals, state or
national officials of interest.
•Access to powerful Salesforce CRM platform. Access to GSDC held Salesforce licenses and to the
GSDC maintained and populated data base for primary sector businesses across the region
(+1,000 accounts and +1,600 contacts). Licenses for up to 5 city or county partners are
available from GSDC. In addition to the data base generation and management, ach license
carries a minimum value of $300+ annually.
•Expanded marketing & job promotion opportunities for your city/county.
o St. Cloud Shines: You’re invited to help guide content for GSDC’s robust digital
placemaking and regional marketing campaign: St. Cloud Shines. We’ll include hashtags
and links on posts relevant to your specific jurisdiction to drive interest and traffic to the
city/county social media and website outlets. Note relevant data below.
o JobSpot and GreaterStCloud.com: GSDC developed and maintains these portals to
provide valuable links to resource information and jobs that are available with
companies located in your community at no cost to you or the business in your
community. Note relevant data below.
JobSpot is the talent portal developed to showcase job opportunities and resources available within
our region. It serves to connect talent with opportunity.
Total job postings on 9-10-19 4,604
JobSpot Users: January to June 2019 16,104 (52% from outside of our region)
GreaterStCloud.com is the community portal developed to promote our region’s primary assets
and attributes, and to provide a single point of electronic access for information about our region and
resource connections.
GSC Users: January to June 2019 3,266 (58% from outside of our region)
43
St. Cloud Shines is a social media placemaking campaign that the
GSDC launched in January 2019 to market our region for business and
talent attraction. This campaign showcases great things about our
greater St. Cloud region that bring to life and illustrate our strong,
positive and vibrant communities. And it’s definitely getting attention far
and wide!
January to June, 2019:
Posts to Facebook & Instagram 187 St. Cloud – 40%
St. Joseph – 17%
Sartell – 15%
Sauk Rapids – 14%
Waite Park – 14%
Total Impressions 19.9 million
The following annual contribution amounts are requested of our city and county partners beginning
January 1, 2020 to facilitate the enhanced service portfolio as described above.
Current Contributing Partners Prospective Contributing Partners
$20,000 City of St. Cloud (68,043)
Stearns County (159,256)
$10,000 City of Sartell (18,428)
City of Sauk Rapids (13,879)
Benton County (40,545)
Sherburne County (96,036)
$ 5,000 City of St. Joseph (7,147) City of Waite Park (7,718)
$ 3,000 ( moves to City of Becker (4,912) City of Cold Spring (4,175)
$5,000 in 2021) City of Rice (1,377)
City of Foley (2,666)
City of Rockville (2,548)
GSDC Contact Information:
Patti Gartland, President Leslie Dingmann, Business Dev. Dir. Larry Hosch, Business Dev. Dir.
320-252-5228 direct 320-252-5247 direct 320-252-5185 direct
320-260-2442 cell 320-493-9003 cell 320-761-4570 cell
pgartland@greaterstcloud.com ldingmann@greaterstcloud.com lhosch@greaterstcloud.com
Gail Cruikshank, Talent Director Sonja Gidlow, Investor Relations & Denise Mason, Finance & Admin.
320-252-4753 direct Communications Director 320-257-4755 direct
320-260-6775 cell 320-252-5203 direct accounting@greaterstcloud.com
gcruikshank@greaterstcloud.com sgidlow@greaterstcloud.com
44
WE ACCOMPLISHED MUCH TOGETHER IN 2021
Valued GSDC Investors:
While 2021 was another year of COVID challenges for everyone, they didn’t prevent the
many successes your support made possible during the GSDC’s tenth year of operation.
Among the highlights:
Attracting Business and Hundreds of Jobs – The GSDC worked closely with Rice Companies
and Coborn’s to show Associated Wholesale Grocers why our region is where AWG should
locate a major fresh and frozen warehouse. Construction has already begun on the $75 million,
330,000 square foot facility, which is expected to create 400 jobs and enhance the food
industry supply chain for our region.
AWG, which has joined the GSDC as a corporate-level investor, has leased and renovated
the former Creative Memories building. More than 90 employees are now handling AWG’s dry
warehouse operations from there until new construction is completed.
Workforce Availability Survey – When many experienced devastating staffing shortages,
the GSDC funded a poll of area businesses to learn how extensive the crisis was.
Expanded unemployment benefits were cited most often as challenges to hiring (by 56% of
respondents), and 28% said employee shortages led them to cut back on expansion plans.
We presented survey results to elected officials and pressed them to take action to better
equip struggling businesses.
Expanding our Launch Minnesota Role –
DEED awarded the GSDC $65,000 as follow-up
to a similar-sized grant in 2020, for our use as
a Launch Minnesota hub to assist innovators
and entrepreneurs. These were pass-through dollars, going directly to fund valuable training
programs that help innovators turn their ideas into reality. In 2021 alone, these grants helped
train more than 100 area entrepreneurs.
CEO Roundtables & Community Tours – We hosted several of these, including with various
State of Minnesota commissioners and elected officials, covering such topics as childcare,
broadband, age restriction impediments for certain career opportunities, diversity and
inclusion, and of course the multitude of pandemic related challenges.
2021 ANNUAL REPORT
BRIAN MYRES
Chair, Board of
Directors
PATTI GARTLANDPresident
OUR 4 STRATEGIC IMPERATIVES
ENGAGE LEADERS
GROW BUSINESS
EXPAND TALENT
SHAPE TOMORROW
2021 Annual Report | GreaterStCloud.com 145
Minority Business Enterprises Needs Assessment – In conjunction with the Initiative
Foundation, we secured project funding for this important initiative so in-depth assessments
may begin in 2022.
JobSpot & St. Cloud Shines Usage – The GSDC’s go-to portal for
employer and employee resources had more activity than ever
in 2021. Our local job opportunities had more than a three-fold
increase in audience views on GreaterStCloudJobSpot.com (nearly
90,000 in 2021!). This happened as a direct result of our expanded
resident-attraction efforts by promoting the area’s strengths and
opportunities with St. Cloud Shines. Our wide-reaching marketing
campaign continues with extensive social media messaging and
our complementary StCloudShines.com website.
Airport Authority Becomes Official – The late 2021 announcement that the St. Cloud Regional
Airport Authority had been created was gratifying news for longtime GSDC investors whose
major contributions helped make it a reality. The GSDC was pleased to play a leadership role
in its creation.
Around Cloud Tutors – To counteract pandemic challenges, the GSDC and
United Way of Central Minnesota launched AroundCloudTutors.org to provide
online tutoring services at no charge. In 2021, 289 local K-12 students
benefited from the dedication of 37 tutors who volunteered more than 300
hours to help educate our young people.
The tutoring helped investors whose staff members were challenged with balancing distance
learning while maintaining their own fulltime jobs. These virtual tutoring services were a
valuable tool for investors to strengthen employee retention, which remains of
critical importance.
Persuading Site Selectors – We highlighted our area’s assets and advantages to site selectors
during several Site Selector Guild Virtual Talks, led by the Minnesota Marketing Partnership.
Celebrating 10 Years – GSDC investors gathered in August 2021 to celebrate our 10 years
of operation. Over that decade the GSDC has assisted more than 500 existing businesses in
the region, creating hundreds of jobs in addition to pursuing more than 150 business-attraction
prospects. The GSDC’s $10.7 million investment in efforts to advance economic development
and prosperity in the region also resulted in procuring more than $43 million in resources to
assist area businesses. During that time, the GSDC grew from 65 initial investors to 156 today.
The GSDC and our community are well positioned for further success together in 2022,
thanks to the insights, talents, collaboration and funding you provide to make it possible.
We greatly appreciate your commitment to enhancing economic development.
Brian Patti&
2021 Annual Report | GreaterStCloud.com 246
FINANCIALS AND METRICS
GRANTS
PUBLIC INVESTOR CONTRIBUTIONS
PRIVATE INVESTOR CONTRIBUTIONS
9%
11%
80%
SOURCES OF INCOME
150
120
90
60
1 MILLION
800,000
600,000
400,000
200,000
0
2011 2012 2013 2014 2015 2016 2017
Income from Investors # of Investors/Advocates
In
v
e
s
t
o
r
I
n
c
o
m
e
i
n
$
#
o
f
I
n
v
e
s
t
o
r
s
2018 2019 2020 2021
441,250
613,625
715,375 730,305
823,625 849,950 865,700 912,450 909,341
145
891,550
146
860,785
156
65 65
83 90 115 113
123
137
INCOME FROM INVESTORS AND NUMBER OF INVESTORS
JOBS GAINED
AVERAGE ANNUAL EARNINGS
GDP GROWTH
$12,112,129 $11,807,717
10.9%
41.3%
16.4%
Increase in the St. Cloud region,
compared with Minnesota at 5.6%
and the U.S. at 8.8%, 2010-2020.
Increase in the region, compared
to 37.2% in Minnesota and 36.7%
nationally, 2010-2020.
Increased GDP gain in the region,
compared to 13.8% in Minnesota
and 17.5% nationally, 2010-2020.
CUMULATIVE
2011 TO 2021
REVENUES 2011 TO 2021
CUMULATIVEEXPENDITURES
2021 Annual Report | GreaterStCloud.com 347
$75,000+
CentraCare Health
$50,000+
Anderson Trucking Service
Coborn’s
Granite Partners
$25,000+
Initiative Foundation
Morgan Family Foundation
Stearns Bank
$16,000+
Bernick’s
Blattner Company
Bremer Bank
Capital One
CliftonLarsonAllen
Coldspring
DeZurik
Great River Energy
Microbiologics
Xcel Energy
$10,000+
Marco
Pan-O-Gold Baking Co.
Park Industries
PCI
St. Cloud State University
US Bank
Wolters Kluwer
$8,000+
American Heritage Bank
Bank Vista
BCI
Bergan KDV
Bradbury Stamm
Central McGowan
Cold Spring Brewery
College of St. Benedict/
St. John’s University
Falcon National Bank
GATR Volvo
Geo-Comm
Grede
Inventure Properties
Knife River
Lathrop GPM
McGough Construction
Miller Auto Center
Minnwest Bank
Moss & Barnett
$2,500+
American Door Works
DJ Bitzan Jewelers
Greenline Marketing
Rejuv Medical
$1,000+
Advanced Interconnect
Technologies LLC/AIT
Automotive Parts Headquarters
Catholic Community Schools
Filsan Talent Partners
Fostering LLC
Gate City Bank
Global Impex USA
Granite City Real Estate
Greenfield Communications
JLG Architects
K Johnson Construction
Laraway Financial
Miller Welle Heiser
Myres Consulting LLC
Northland Capital Financial
Palmer Printing
REM Central Lakes
Rick & Helga Bauerly Foundation
Rotochopper
Wayne & Juli Schluchter
Vye Agency
Wheelock Investment Group
Wilke Sanderson
$500+
Batteries Plus
Big Brother Big Sisters
Boys & Girls Clubs of Central MN
BMO Bank
Career Solutions
Central MN Mental Health
Coldwell Realty/Chris Hauck
College of St. Scholastica
Dave Gruenes
Diversified Media Resources
Executive Express
Express Employment
GREAT Theatre
Mike & Karel Helgeson
Higher Works Collaborative
ILT Studios
Impacks LLC
Jules’ Bistro
Katie Virnig
Kevin Brink
Larry Hosch
McDowall Company
Metro Bus
Lee & Vicki Morgan
NetVPro
Newport Health/Academy
Nova Flex
Olympic Village
Opera House Communications
Peters Body Shop
Pro Staff
Promise Neighborhood
Short Stop Custom Catering
Stokeswood Enterprises
St. Cloud Area Chamber
St. Cloud Area YMCA
St. Cloud APO
St. Cloud Area Realtors
St. Cloud Downtown Cncl
Sunset Manufacturing
United Way of Central MN
WACOSA
Quinlivan & HughesRasmussen CollegeRice CompaniesRinke NoonanSchlenner Wenner & CoSentry BankSt. Cloud Industrial Products
St. Cloud Refrigeration
St. Cloud Technical and
Community College
St. Cloud TimesStearns ElectricToppan MerrillTri-County AbstractW Gohman ConstructionWoodcraft
$5,500+
Arvig
Associated Wholesale Grocers (AWG)
Brenny TransportationCentral MN Credit Union/ Magnifi FinancialCentral MN Community FoundationCentral MN Builders AssociationCom’l Realty Solutions/CRSDCI
DAYTA Marketing
Geringhoff
Granite LogisticsGreat North VenturesGredeKensington BankLathrop GPMMahowald InsuranceMN Business Finance CorpSimonson Properties
StarTribune
St. Cloud Opportunities
WSB EngineeringViking Coca-Cola
PUBLIC PARTNER CONTRIBUTORS
$15,000 Stearns County
$10,000 Sherburne County
$10,000 Sartell$10,000 St. Cloud$10,000 Sauk Rapids$7,500 Benton County$5,000 St. Cloud Schools$5,000 St. Joseph$5,000 Waite Park City
$3,000 Becker
$3,000 St. Augusta City
$2,500 Sauk Rapids-Rice Schools
INVESTORS
CORPORATE INVESTORS ADVOCATE INVESTORS
Annual investment classification reflects most current year or the
average of cumulative investments over the period of years
of engagement with the GSDC.
Bold denotes founding investor.Red denotes new investors since the 2020 Annual Report.Bold denotes founding investor.Red denotes new investors since the 2020 Annual Report.
2021 Annual Report | GreaterStCloud.com 448
2022 BOARD OF DIRECTORS
DIRECTORS COMPLETING THEIR TERMS 12/31/2021. THANK YOU!
*Denotes Governance Committee member
MISSION:
We lead inclusive and
equitable economic
development for the
benefit of the Greater
St. Cloud community.
VISION:
Greater St. Cloud is
a growing and vibrant
community where
talented people
choose to live,
work, engage and
prosper together.
VALUES:
LEADERSHIP
We inspire trust.
DIVERSITY
We benefit from
differences.
COLLABORATION
We engage partners.
INTEGRITY
We do what we say.
ACCOUNTABILITY
We create results.
BRIAN MYRES*
Myres Consulting/CEO
STEFANIE BROWN
Rinke Noonan Law Firm/Attorney
BUDDY KING
Higher Works Collaborative/COO
DAVE MEYER Coborn’s/President
MIKE GOHMAN W. Gohman Construction/President
ANNESA CHEEK St. Cloud Technical and Community College/President
HEATHER PIEPER-OLSON
College of Saint Benedict/Associate VP
JOAN SCHATZ*
Park Industries/ Co-President
MIKE BLAIR*
CentraCare/CFO
KEN HOLMEN CentraCare/ CEO-President
JOHN TORGERSON
Bernick’s/CEO
RON BRANDENBURG*
Quinlivan & Hughes/Attorney
MICHAEL FABER Viking Coca-Cola Bottling/CEO
MIKE MARKMAN*
US Bank/Region President
PAUL PFEIFFER ATS/CFO
ROBBYN WACKER
St. Cloud State University/ President
JEFF GAU*
Marco/Chairman
WILLIE JETT MN ISD 742/Superintendent
MATT VARILEK
Initiative Foundation/President
RICK BAUERLY Granite Partners/Founder and CEO
LAURIE HAMEN College of Saint Benedict/Interim President
CHAIR VICE CHAIR TREASURER SECRETARY
2021 Annual Report | GreaterStCloud.com 5
BRAD GOSKOWICZ Microbiologics/CEO
TOM RICKERS
Bremer Bank/EVP
CARYL TURNOW
Central Minnesota Community Foundation/Executive Director
49
GREATERSTCLOUD STCLOUDSHINES AROUNDCLOUDTUTORS
FINANCING
LAND AND REAL ESTATE
LOCAL AND STATE INCENTIVES
PROJECTIONS
TAXES AND UTILITIES
SQUARE FOOTAGE COSTS
WAGES
WORKFORCE/TALENT RESOURCES
CONTACT US TODAY TO DISCUSS HOW WE CAN ASSIST YOU IN MEETING YOUR BUSINESS GOALS.
.ORG
PATTI GARTLAND President
(O) 320-252-5228
(C) 320-260-2442
pgartland@greaterstcloud.com
AMELIA BARKLEY Communications & Program Specialist
(O) 320-252-5203
(C) 320-292-9296
abarkley@greaterstcloud.com
GAIL CRUIKSHANK Talent Director
(O) 320-257-4753
(C) 320-260-6775
gcruikshank@greaterstcloud.com
LESLIE DINGMANN Business Development Director
(O) 320-252-5247
(C) 320-493-9003
ldingmann@greaterstcloud.com
WE’RE ADVOCATES FOR YOUR COMPANY, WITH RESOURCES,CONNECTIONS AND EXPERTISE TO OPTIMIZE YOUR SUCCESS
OUR TEAM IS YOUR TEAM
50
●To date, St. Cloud Shines has accumulated a total of nearly 155 million impressions.
●In 2021, we created + published 6 new videos on the St. Cloud Shines YouTube and
social sites. They have garnered a total of over 980 views on YouTube, 4,225 views on
Instagram, and reached over 12,800 people on social media with 925+ engagements -
all in less than 2 months
●The 5 social media posts with the highest
rate of organic reach on the entire Shines
Facebook page came from 2021 Shines stories.
○Art in Motion: 12.7k
○St. Cloud Music Academy: 11.1k
○Back Shed Brewing: 10.7k
○Nine Yards Store: 10.3k
○Brothers United: 10.2k
●Over 9,100 visits to the website came from
Facebook and Instagram reach has seen a
growth rate of over 107%.
●As of December 2021, local job opportunities
have tripled views to GreaterStCloudJobSpot.com
(from over 25,000 in 2020 to well over 85,000 in 2021)!
●Of total blog views, 30% are coming to
the site (‘entrance’) for the first time to
read a Shines Story via the blog. The
graph shown here shows the steady
increase after the blog was brought to
the forefront and added to the main
website navigation.
2021 campaign achievements
Compiled by Greenline Marketing51
●The new monthly Shine On email newsletter
has been a huge hit. In just 4 months of
sending, we’ve accrued 507 subscribers -
over 50 of which have opted in since its
initiation. Average click rate is at 4.5% -
industry standard goal is between 2-5%. Our
average open rate is at 25.5% - industry
standard goal is between 12-25%.
●Researched and wrote a 35+ page resource
featuring the Central MN communities, with
an in-depth look at St. Cloud Shines investor
cities to be added to the website in 2021.
●12 new Investor feature blogs have been
published on the website, thanking and
spotlighting those who make St. Cloud Shines
possible, and our communities great.
●As a whole, these investor feature blogs have
garnered over 450 total views in 6 months — Which accounts for 56% of all blog
views in 2021. Our investors and their dedication to the community continue to prove
important; 18% of
people coming to
the website are
coming to the
Shines website
via an investor
blog.
Compiled by Greenline Marketing
2021 campaign achievements
52
…for helping turn a concept for modern
economic development into the multi-faceted
organization that is today’s Greater St. Cloud
Development Corporation.
Thanks to your support, the GSDC has been
able to engage leaders, expand talent, grow
business and shape tomorrow in a variety
of ways. All in just 10 years!
We could not have done any of this without
you. So cheers to us all. And here’s to many
more decades of growth!
THANK YOU, GSDC INVESTORS...
53
More than doubling in size, from 65 founding investors
to 150 today.
Assisting nearly 500 existing businesses throughout
Greater St. Cloud, helping create hundreds of jobs,
plus pursuing 150 business-attraction prospects.
Procuring $43 million in resources to assist
area businesses.
Investing $10.7 million of GSDC funds to further
advance the region.
Creating St. Cloud Shines, the region’s most
expansive marketing effort ever, with nearly
200 million impressions in just two years.
Developing and attracting talent through many in-person
and online initiatives, including our popular JobSpot jobs
posting website and AroundCloudTutors.org, a free, virtual
tutoring platform.
Leading 16 Summits on Innovation, Talent, Well-Being,
Transportation and Air Service, including assisting with
the return of scheduled air service and creation of a
regional airport authority.
Hosting 180 investor CEOs at Roundtable meetings
on a variety of important topics.
Assisting hundreds of entrepreneurs and startups as
the region’s Launch Minnesota hub, while also working
with gBETA, the “gener8tor” nationally ranked
accelerator program and more.
Quickly pivoting when unforeseen opportunities
or challenges arise, including helping hundreds of
devastated local companies secure fi nancing and
other resources during the COVID-19 pandemic.
Yes, there are hundreds of additional highlights, too.
Thank you for helping make them all possible!
GreaterStCloud.com54
BOUTIQUE HOTEL
Boutique hotel – Oxford Definition – “small stylish hotel, typically one situated in a fashionable urban
location”
Concept/vision: To have a boutique hotel which offers an intimate atmosphere and features strong
artistic and design features. The hotel will be a destination onto itself and offer one of a kind décor. The
design, décor, etc. will be reflective of the local community allowing the hotel to reflect the communities
culture.
St. Joe potential specs:
•2nd and 3rd floor would house rooms with around 20ish in total
•1st floor commercial space (entertainment/print shop, bar/restaurant, etc.). Each Commercial
space could be owned by one or divided up for separate ownership through CIC plat. Separate
ownership may complicate but could attract more investors?
•Potential balcony (common space) on the rooftop
•XXX S.F.
•Designed and reflective of the local community through displays of art from local artists, and
themes which reflect the community. For instance, colors reflecting the city or JoeTown colors.
•Must be located in the downtown area
Potential Partners:
•CSBSJU
•Local Developers and investors
•Larger investors who offer hotel management and operation experience
•Local business owners (specifically those who want new space or looking to expand)
55
EXAMPLE BOUTIQUE HOTELS
56
Hotel Crosby in Stillwater MN (55 rooms)
New construction
Mixed use
Larger scale then what we would have in St. Joe
57
Crosby Lofts in Crosby MN (8 rooms)
Mixed use (restaurant). Operates like an AirBnB (or hostel) versus Boutique hotel
Renovation.
58
Mapes Hotel in Ripon, WI (12-16 rooms)
Renovation of an existing historical building
Not mixed use
Q and A with City Administrator in Ripon, WI
• Was TIF utilized? It is in a TID. The city owned most of the property in this TID going back a few
years after a failed downtown redevelopment agreement. Very low base value with city
ownership. The developer acquired the Mapes Hotel building for $1.00.
59
• Any subsidies or other financial incentives used? Nothing except the low purchase price. Very
odd for this type of project, but that is because of who the developer is. Total project budget
was about $2.7 MM.
• Were the developers local? Yes. This was a passion project by a local developer. They had done
other projects in the downtown after the failed redevelopment agreement dating back to 2008.
This project was his “dream” project.
• How many rooms does the Mapes have? I think 12, but maybe 16?
• Does the city have lodging tax? Yep. We collect at the Mapes Hotel and it has been a boost!
• Did the city initial own the property? Yes, this property and like 7 others downtown after the
failed Boca development. We created this TID with a low value and decided to sell for a low
price.
• What key items had to get done to make the project work or to garner interest? Finding the
right developer with the right vision. We were extremely fortunate to have a developer with a
strong local presence and history of successful projects downtown.
• What were some of the biggest challenges and/or lessons learned? Covid happened right as the
project was getting underway and completed. That was scary for the hospitality business. It has
completely rebounded.
60
The Cantilever in Rainer, MN
New construction. Driven by local investor who deemed this project their “dream” project.
Mixed use (distillery)
31 rooms
Cantilever Hotel in Ranier
61
Q and A with City Clerk
• Was TIF utilized? NO TIF
• Any subsidies or other financial incentives used? TAX ABATEMENTS FROM THE CITY AND COUNTY
• Were the developers local? DEVELOPERS WERE LOCAL - WAGNER CONSTRUCTION, KALAN WAGNER
• Was the building existing, renovated, expanded, or entirely new construction? ENTIRELY NEW CONSTRUCTION
• How many rooms does the Cantilever have? 31 ROOMS • Does the city have lodging tax? YES @ 3% OF WHICH 97% GOES TO THE CVB FOR ADVERTISING
• Did the city initial own the property? PROPERTY WAS PRIVATELY OWNED
• What key items had to get done to make the project work or to garner interest? ONE MAJOR ISSUE WAS ENOUGH PARKING FOR THE DISTILLERY. KOOCH COUNTY ENDED UP ACTUALLY WIDENING THE CSAH 20 TO ALLOW FOR MORE PARKING. THE BUILDING ACTUALLY TAKES UP THE ENTIRE PARCEL. THERE WERE ALSO VARIANCE AND CONDTIONAL USE PERMITS REQUIRED
• What were some of the biggest challenges and/or lessons learned? THE PARKING WAS A BIG CHALLENGE. ROOM FOR DELIVERY TRUCKS TO LOAD IN AND OUT.
• Does Wyndham own the property? WYNDOM DOESN'T OWN THEY PROPERTY, BUT THE HOTEL SOMEHOW AFFILIATES WITH THEM AS A FRANCHISEE (PERHAPS)
• Who was the lead catalyst to get the project off the ground? Or who had the idea or concept for the project? LEAD CATALYSTS WERE KALAN WAGNER, MARTY GOULET AND A FEW
OTHER INVESTORS. THEY ARE INVOLVED WITH WAGNER CONSTRUCTION - A LARGE LOCAL CONSTRUCTION COMPANY.
• Did the original owner have a role or were they involved in the concept? ORIGINAL PROPERTY OWNER WAS NOT INVOLVED WITH THE PROJECT. THE ORIGINAL PROPERTY OWNERS HAD A HOUSE ON THE PROPERTY THAT WAS DEMOLISHED.
62
POTENTIAL
SITES
Highlighted sites = higher priority
63
Site 1
Location: Ash St and 1st Ave NW
5 existing homes
5 different owners
4 rentals and 1 owner occupied
Total Estimated Market Value: $563,900
Total Size – 39,199 S.F. (approximate .90 acres)
+ -
A + location where other redevelopment is
occuring
5 properties and five different owners
Couple of willing owners Owner occupied house
One owner has experience in downtown projects
and would likely try to acquire others
Demolition costs
Total area size
64
Site 2
Location: Corner of Ash St and 2nd Ave NW
1 existing building
2 different owners
Total Estimated Market Value: $274,600
Total Size – 35,128 S.F. . With Post Office 51,194 S.F. (approximate 1.17 acres with Post Office)
+ -
Two property owners Existing building would have to be demo
Large size Alleyway separates the two lots
Location. Adjacent to other redevelopment
efforts
Post Office
65
Site 3
Location: MN ST and 2nd Ave NW
4 existing buildings if counting Sal’s
2 different owners
Total Estimated Market Value: $434,600 without Sal’s and $740,900 with Sal’s
Total Size – 40,783 S.F. without Sal’s. With Sal’s 55,012 (approximate 1.26 acres with Sal’s)
+ -
Two property owners Demo costs
Total lot size with or without Sal’s Unknown regarding Century Link building
Potential revitalization of existing business High Market value costs
No owner-occupied property Alleyway separates Sal’s and West properties
(alleyway may have to be vacated?)
Location on MN ST
66
Site 4
Location: 2nd Ave NW and MN ST
5 existing buildings if counting Sal’s
4 different owners
Total Estimated Market Value: $443,500
Total Size – 41,188 S.F.
+ -
Eliminates blighted and underutilized property Potential environmental problems and costs (JR
Mobile)
Location (1st Stop Sign intersection into town
from the West) and located on MN St.
Challenging properties
Tackles multiple city goals Properties are zoned R-3 and need to be rezoned
to proper B-1 zoning. Just a formal procedure as
Comp. Plan guides properties for B-1.
No owner-occupied houses
67
Site 5
Location: 2nd Ave NW
3 existing homes
3 different owners
Total Estimated Market Value: $501,100
Total Size – 39, 891 S.F.
+ -
No owner-occupied housing Location
If ballfield vision changes hotel could be
incorporated into new vision for park property to
North
3 different owners
Smaller size
High market value cost compared to smaller
amount of land
68
Site 6
Location: Corner of College Ave and Ash
5 existing homes (1 owner occupied)
3 different owners
Total Estimated Market Value: $740,000
Total Size – 40,564 S.F.
+ -
No owner-occupied properties
Motivated owner who wants to develop and
owns 3 of the 5 properties (potentially
eliminating having to purchase the properties).
High market value and costs to acquire
A + location as this can serve as the gateway to
downtown
Demo costs
Owner occupied house
Adjacent residential homes to East (future land
use does guide for B-1 Commercial)
69
Site 7
Location: Southside of MN ST across from JR Mobile
4 existing homes (all rentals)
5 different owners with one owned by the Sisters
Total Estimated Market Value: $634,800
Total Size – 71,496 S.F. (including the alleyway)
+ -
No owner-occupied housing 5 different owners
Location may allow stronger partnership with CSB High costs to demo and acquire
Total size Have to vacate alleyway
Pedestrians have to cross to get to commercial
amenities
Complicated negotiation due to variety of owners
70
Site Total EMV Size
1 $563,900 39,199/.90 acres
2 $274,600 35,128/.80 acres with Post
Office 51,194 or 1.17 acres
3 $463,600 or $740,900 w/Sal’s 40,783/.94 acres or 55,012/1.26
acres w/ Sal’s
4 $443,500 41,188 or .95 acres
5 $501,100 39,891 or .92 acres
6 $740,000 40,564 or .93 acres
7 $634,800 71,496 or 1.64 acres
71